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Economy

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BLOG: Steel market quiet, whole China travels for CNY Jan 22, 2020

China’s domestic steel sales has slowed down since mid-January and rebar price, the most important indicator of the steel market sentiment, stayed largely unchanged since the start of 2020, and for once, the quietness does not bear any negative sentiment, as it has had nothing to do with the weakening in fundamentals, but simply because that the whole country has been into the festive mood with the Chinese New Year (CNY) holiday approaching.
NBS: China’s 2019 GDP up 6.1% on year, within target Jan 17, 2020

For 2019, China’s gross domestic product grew 6.1% on year to Yuan 99 trillion ($14 trillion), with the final result coming within the central government’s targeted range for last year of 6-6.5%, according to National Bureau of Statistics (NBS) data released on the release on January 17. “Most of the tasks were fulfilled, laying a solid foundation for China to develop into a well-off society,” NBS commented.
NBS: China’s 2019 FAI up 5.4%, property up 9.9% Jan 17, 2020

Fixed asset investment (FAI) in China’s manufacturing sector grew by a total of 5.4% on year during full year 2019, up 0.2 percentage point from the first eleven months, according to the latest data from the National Bureau of Statistics (NBS) released on Friday. FAI in the domestic property market increased by 9.9% on year during January-December, though this was off by a tiny 0.3 percentage point from the January-November reading, the data show.
FLASH: CHINA’S 2019 FAI UP 5.4%, PROPERTY UP 9.9% Jan 17, 2020

China’s fixed asset investment (FAI) in manufacturing sector grew 5.4% on year for 2019 among which the FAI into property market up 9.9% on year, according to the latest statistics from the National Bureau of Statistics. A detailed report will be posted soon.
FLASH: CHINA’S 2019 GDP UP 6.1% ON YEAR Jan 17, 2020

China’s gross domestic product (GDP) grew 6.1% on year for 2019 to Yuan 99 trillion ($14 trillion), according to the latest statistics from the National Bureau of Statistics. A detailed report will be posted soon.
MACRO: China, U.S. sign phase-one trade agreement Jan 16, 2020

China and the US trade tension has shown signs of easing as the two countries signed their phase-one economic and trade agreement on January 15 (Washington time) after nearly two years of trade frictions and talks, according to a news report by Xinhua News Agency on January 16.
CISA: China’s 2020 steel demand growth to slow to 2% YoY Jan 16, 2020

China’s Iron & Steel Association (CISA) expects the domestic steel consumption to increase 2% on year to 890 million tonnes for 2020 as key consuming sectors may see slower growths or modest declines, according to CISA’s latest release on January 14.
China’s central bank to cut reserve ratio from Jan 6 Jan 02, 2020

The People’s Bank of China (PBOC), China’s central bank, announced on January 1 that it will shave the reserve requirement ratio of financial institutions by 0.5 percentage point from January 6, in order to support the development of the real economy and to lower financing costs for Chinese enterprises.
NBS: China’s Dec manufacturing PMI unchanged at 50.2 Dec 31, 2019

China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry remained at 50.2 for December, unchanged from November, according to the latest release from China’s National Bureau of Statistics (NBS) on Friday.
White paper to reduce tax burden on steel sector Dec 27, 2019

All India Furnace Association (AIFA) organised AIIFA’s 33 National Conference on 23rd Dec'19 in New Delhi. The objective of the conference was to discuss "Most advantageous route of environment friendly steel making through Electric Induction Furnace (EIF) and its global acceptance”.
NBS: China’s Nov rebar output jumps 18% on year Dec 18, 2019

China’s total rebar output during November soared by 17.7% on year, according to new data from the country’s National Bureau of Statistics (NBS) published on December 18, which was much faster than the 11.9% on-year growth recorded during October.
China’s economy on its own track despite trade tension Dec 17, 2019

China’s economists anticipate China’s economy to stay stable at about a 6% year-on-year growth in 2020 and it helps that the tension between U.S. and China in trade has eased with the latest agreement, according to their sharing at the Mysteel Bulk Commodities Week 2020 forum on December 14-15 in Shanghai.
CONF: China steel consumption in property steady in 2020 Dec 17, 2019

China’s steel consumption is expected to remain steady from the property sector in 2020 because of the ongoing construction works, even though a slower growth in fixed asset investment in the sector is expected next year, speakers agreed at the Mysteel Bulk Commodities Week 2020 forum on December 14-15 in Shanghai.
NBS: China’s Jan-Nov fixed asset investment up 5.2% Dec 16, 2019

China’s overall fixed asset investment (FAI) grew by 5.2% on year to Yuan 53.37 trillion ($7.5 trillion) over January-November, with the growth remaining unchanged from that recorded for January-October, according to the latest release from the country’s National Bureau of Statistics (NBS) on December 16. Growth in funding for the property sector was recorded at 10.2%, off by just 0.1 percentage point from the first ten months.
CONF: China’s economy swaps pace for quality growth Dec 16, 2019

China’s economy should maneuver into the slower lane but aim for higher quality growth starting 2019-2020, Cheng Shi, chief economist from ICBC International Holdings, shared at the Mysteel Bulk Commodities Week 2020 forum on December 14 in Shanghai, portraying this year and next as the turning point where the country’s future relies on quality rather than sheer speed.
CONF: China to finetune steel mill relocation planning Dec 16, 2019

The central government body administering China’s steel industry, together with the China Iron & Steel Association, are looking into how to improve steel capacity relocation practices to optimize the steel sector’s industrial structure, officials from both the organizations shared at the Mysteel Bulk Commodities Week 2020 forum held over December 14-15 in Shanghai.
FLASH: CHINA JAN-NOV FAI UP 5%, PROPERTY UP 10% Dec 16, 2019

China's fixed asset investment in general grew5.2% on year to Yuan 53.37trillion ($7.5trillion) over January-November, among which the funding in the property market went up 10.2% on year to Yuan 12.13trillion.A detailed story will be posted soon.
CONF: China steel scrap price to soften soon and in ‘20 Dec 16, 2019

China’s steel scrap prices may ease in the next couple of months and throughout 2020 in general, though some traders may expect otherwise, according to speakers at the Mysteel Bulk Commodities Week 2020 Scrap Seminar on December 13 in Shanghai.
ECONOMY: China Jan-Nov trade surplus in Yuan up 35% Dec 10, 2019

China’s foreign trade surplus in Yuan enlarged 34.9% on year to Yuan 2.6 trillion ($369.4 billion) over January-November, though the trade surplus in the U.S. dollar increased 28.4% on year to $377.6 billion, according to a release by China’s General Administration of Customs on December 8, both, however, being lower than the 42.3% or 34.9% for the first ten months.
Chances, risks co-exist in China’s 2020 property market Dec 06, 2019

China’s property market may see some positive signs in 2020 after a slowing 2019, though some challenges will persist amid Beijing’s firm stance of “houses are for living not for investment” and the constraint in funding, Chinese market sources shared the cautious optimistic view on December 6.

Pre 1 2 3 4 5 ... Next

Product	Grade	Size	Price	Chg	Port
Billet	3SP/Q235	150*150	490	0	Tianjin
Rebar	HRB400	20*12	500	-10	Tianjin
HRC	Q235B	5.51500C	518	-15	Talian
Plate	Q345B	1218002000	515	-20	Tianjin
CRC	SPCC	1.0*1250	535	0	Tianjin
Galvanized	SGCC	0.31000C	665	0	Tianjin

Economy

BLOG: Steel market quiet, whole China travels for CNY Jan 22, 2020

NBS: China’s 2019 GDP up 6.1% on year, within target Jan 17, 2020

NBS: China’s 2019 FAI up 5.4%, property up 9.9% Jan 17, 2020

FLASH: CHINA’S 2019 FAI UP 5.4%, PROPERTY UP 9.9% Jan 17, 2020

FLASH: CHINA’S 2019 GDP UP 6.1% ON YEAR Jan 17, 2020

MACRO: China, U.S. sign phase-one trade agreement Jan 16, 2020

CISA: China’s 2020 steel demand growth to slow to 2% YoY Jan 16, 2020

China’s central bank to cut reserve ratio from Jan 6 Jan 02, 2020

NBS: China’s Dec manufacturing PMI unchanged at 50.2 Dec 31, 2019

White paper to reduce tax burden on steel sector Dec 27, 2019

NBS: China’s Nov rebar output jumps 18% on year Dec 18, 2019

China’s economy on its own track despite trade tension Dec 17, 2019

CONF: China steel consumption in property steady in 2020 Dec 17, 2019

NBS: China’s Jan-Nov fixed asset investment up 5.2% Dec 16, 2019

CONF: China’s economy swaps pace for quality growth Dec 16, 2019

CONF: China to finetune steel mill relocation planning Dec 16, 2019

FLASH: CHINA JAN-NOV FAI UP 5%, PROPERTY UP 10% Dec 16, 2019

CONF: China steel scrap price to soften soon and in ‘20 Dec 16, 2019

ECONOMY: China Jan-Nov trade surplus in Yuan up 35% Dec 10, 2019

Chances, risks co-exist in China’s 2020 property market Dec 06, 2019

Daily Prices

Prices Summarization

FOB prices of steel products on August 6